UBS: AT&T, Amazon, and Spotify are the top TMT stocks for 2024
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UBS analysts have listed AT&T, Amazon, and Spotify as their top TMT stocks for 2024. AT&T has shown strong performance in the telecommunications sector, with expected free cash flow reaching $17 to $18 billion. Amazon is benefiting from GMV growth and regionalization of delivery, which may boost stock performance. Spotify maintains a leading position in the music industry, with expected user growth and improved monetization driving revenue growth and margin expansion
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